The Federal Reserve's monetary policy is hawkish, and some officials even stated that they can continue to raise interest rates if inflation rises, causing a large-scale withdrawal of market interest rate cut expectations. Gold has plummeted all the way, and the current lowest has reached around 2355.Although gold has rebounded in the short term, the overall rebound is still weak. https://www.tradingview.com/x/rs0qgUkL/
It is not easy to accurately determine what rhythm gold will maintain after experiencing a sharp decline.But the decline has definitely slowed down, and since gold appears weak during the rebound, gold may not see a retaliatory rebound in the future, and may digest the sharp decline with shocks. It is expected that the rebound of gold will be limited, so we still have to maintain the trading idea of short selling at high levels in our transactions.
At present, gold faces short-term resistance in the 2370-2375 area, which is also the short-term top-to-bottom conversion area. So if gold rebounds and hits this resistance area, I would definitely try to short gold first.
I share detailed trading strategies and trading signals every day. You can follow the channel at the bottom of the article to get detailed trading signals and learn trading logic. People who are already in it have already made a lot of money. Let us enjoy the journey of making money together. !
交易开始
The rebound momentum of gold is relatively weak, and the rebound is not expected to be large. Moreover, the resistance above limits the rebound space, so we still focus on shorting gold in terms of trading.
交易开始
The release of initial jobless claims data is negative for gold, with gold falling back to around 2361 in the short term
交易开始
Initial jobless claims data was released at 215,000, which was smaller than the previous value and expected value, which is negative for gold. Gold fell back to around 2361 in the short term, in line with my expectation of being bearish on gold.
交易开始
During the rebound, gold hit its highest level near 2370 and happened to encounter resistance in the 2370-2375 area. Then it fell to around 2352 as expected, fully in line with my expectations of shorting gold. Our short position near the 2368 position also hit the TP perfectly: 2357
交易开始
You can try to do long gold in small batches near the 2342 position
交易开始
At present, gold has rebounded above 2346 in the short term, and our long positions have begun to make profits.
交易开始
I think gold still has some room to rebound
交易开始
Gold is relatively weak, so it is better to wait for gold to rebound and go short. Going long gold is still not safe. We first close the position at 2350 and lock in the profit in time.Although the profit is less, the transaction is safer
交易开始
Fortunately we changed the TP to 2350 and gold fell back right after hitting 2350
Friends who have entered my group have made considerable profits by following trading signals! If you want to get detailed trading signals and trading logic, join my Telegram group: Make making money a pleasure t.me/+o1k2cWcaCJVmNzRk